3Auto_Targets

🖥️ PLATFORM: MT4 • SOFTWARE TYPE: Indicator

INTRODUCTION
The **3Auto\_Targets** indicator is an essential tool for traders focused on advanced harmonic and projected price movements. It automatically calculates potential profit-taking levels using classic Fibonacci extensions based on recent structural swing points derived from the ZigZag indicator.

📈 TRADING STRATEGY
This powerful analysis tool automatically leverages the standard ZigZag indicator to identify the three most recent, valid swing points (A, B, and C) on the chart. Using these structural points, the indicator then projects a series of crucial Take Profit targets by applying standard Fibonacci extension ratios (0.618, 1.0, 1.618, 2.618, and 4.618) to the movement between points A and B, projected from point C. These projected levels are plotted directly on the chart as labeled horizontal lines (Target1, Target2, Fantasy, etc.). Additionally, the indicator calculates and displays proposed "Start" (entry trigger) and "Stop" (Stop Loss) levels, providing a comprehensive, structure-based trading setup for the user.

🎯 BEST FOR
📊 Traders who base their analysis on defined market structure and swing points.
✨ Users looking for automated Fibonacci extension calculations based on valid ZigZag pivots.
🛡️ Quick placement of calculated Stop Loss and entry triggers based on projected structure.
🎯 Identifying multiple, high-probability projected Take Profit levels.

💱 RECOMMENDED PAIRS
EURUSD, GBPUSD, XAUUSD, USDJPY, AUDUSD, Any Major Indices

⚙️ SETTINGS AND PARAMETERS
⚙️ **BarsCount:** (Default 200) Specifies the maximum number of historical bars the indicator should analyze to detect structural swing points.
⚙️ **depth:** (Default 15) The minimum number of bars between two consecutive ZigZag extreme points.
⚙️ **deviation:** (Default 5) The minimum price movement required (in points) for a new ZigZag segment to be formed.
⚙️ **backstep:** (Default 3) The minimum number of bars required to confirm a ZigZag extreme point.

💽 HOW TO INSTALL THE INDICATOR (MT4)
• Download: (.ex4)
• MetaTrader → File → Open Data Folder
• MQL4 → Indicators → paste file → restart MT4
• Navigator (Ctrl+N): drag onto chart and adjust inputs
 

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📞 CONTACT & SUPPORT
🔹 Website : https://doveforexmarkets.com
🔹 Telegram: https://t.me/forexchats
🔹 Email   : info@doveforexmarkets.com
🔹 WhatsApp: wa.me/260960556804

⚠️ DISCLAIMER
Trading involves risk. Past performance does not guarantee future results.